Govt survey: Israelis in better financial shape than 20 years ago

Israel’s economy is under severe strain as the ongoing conflict with Hamas extends into its 11th month. The protracted fighting has led to a halt in tourism, closure of small businesses, disruptions in shipping, and an increased national deficit. Key areas such as Jerusalem’s Old City and Haifa’s flea market are experiencing significant downturns, with many businesses failing and luxury hotels running at half capacity.

This historic change aims to improve the work-life balance for hundreds of thousands of Israelis.

Iran International reports that Iranian checks are bouncing at levels not seen since the COVID-19 crisis.

The major bank had originally planned to shun a sale of Israel bonds under pressure from activists, but ultimately changed its mind.

War-driven fiscal challenges and geopolitical tensions prompt Fitch to lower Israel's rating, signaling potential economic hurdles ahead.

In response to delays in the 2025 budget approval process, Israel's Ministry of Finance has quietly developed a contingency plan to address potential fiscal challenges. 

Less sunscreen, more diapers: Israelis are stocking up as Iran continues to rattle its saber and prepare its missiles.

With public outrage boiling over, traders in Tehran turn off their systems in protest against economic mismanagement.

With stock markets around the world dropping sharply, Republican nominee Donald Trump posted on TruthSocial claiming vindication when he warned this would happen under the Biden administration.

The reduction will focus on breakfast cereals and will come into effect in August.

With VAT set to rise to 18% in 2025, low-income families are likely to face heightened financial strain. 

These companies top the Globes list of Israel's top 100 brands in 2024.